MFA Financial (NYSE:MFA) PT Raised to $14.00 at Wedbush

MFA Financial (NYSE:MFA) had its price target boosted by equities researchers at Wedbush from $13.00 to $14.00 in a research note issued to investors on Friday, Benzinga reports. The firm presently has an “outperform” rating on the real estate investment trust’s stock. Wedbush’s target price would indicate a potential upside of 20.17% from the company’s current price.

A number of other research analysts have also recently issued reports on MFA. JMP Securities reiterated a “market outperform” rating and issued a $12.50 target price on shares of MFA Financial in a research note on Friday, May 31st. StockNews.com downgraded shares of MFA Financial from a “buy” rating to a “hold” rating in a research report on Friday, July 12th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, MFA Financial currently has an average rating of “Moderate Buy” and a consensus price target of $12.50.

MFA Financial Stock Up 1.6 %

NYSE MFA traded up $0.18 during midday trading on Friday, hitting $11.65. The company had a trading volume of 1,180,336 shares, compared to its average volume of 830,277. The firm has a fifty day simple moving average of $10.95 and a two-hundred day simple moving average of $10.95. MFA Financial has a fifty-two week low of $8.41 and a fifty-two week high of $11.90. The stock has a market cap of $1.19 billion, a price-to-earnings ratio of -145.61 and a beta of 2.15.

Hedge Funds Weigh In On MFA Financial

Several institutional investors have recently modified their holdings of the stock. Creekmur Asset Management LLC acquired a new stake in MFA Financial during the 4th quarter worth $25,000. Mitsubishi UFJ Trust & Banking Corp raised its holdings in MFA Financial by 82.7% during the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 2,658 shares of the real estate investment trust’s stock worth $30,000 after buying an additional 1,203 shares during the period. Future Financial Wealth Managment LLC bought a new position in MFA Financial in the first quarter valued at approximately $34,000. Quent Capital LLC boosted its holdings in shares of MFA Financial by 17.7% in the first quarter. Quent Capital LLC now owns 10,031 shares of the real estate investment trust’s stock valued at $114,000 after buying an additional 1,509 shares during the period. Finally, Counterpoint Mutual Funds LLC bought a new stake in shares of MFA Financial during the first quarter worth $128,000. 65.28% of the stock is currently owned by institutional investors and hedge funds.

About MFA Financial

MFA Financial, Inc, together with its subsidiaries, operates as a real estate investment trust in the United States. It invests in residential mortgage securities, including non-agency mortgage-backed securities, agency MBS, and credit risk transfer securities; residential whole loans, including purchased performing loans, purchased credit deteriorated, and non-performing loans; and mortgage servicing rights related assets.